Aerospace Industrial Development (TPE:2634) ROCE % : 7.16% (As of Sep. 2024)

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What is Aerospace Industrial Development ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Aerospace Industrial Development's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.16%.

Aerospace Industrial Development ROCE % Historical Data

The historical data trend for Aerospace Industrial Development's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aerospace Industrial Development ROCE % Chart

Aerospace Industrial Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.58

2.66

3.42

8.60

12.38

Aerospace Industrial Development Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															14.83	7.29	18.41	13.67	7.16

Aerospace Industrial Development ROCE % Calculation

Aerospace Industrial Development's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	3101.823	/	( ( (42708.559 - 16031.681)	+	(43862.581 - 20439.267) )	/ 2 )
	=	3101.823	/	( (26676.878	+	23423.314)	/ 2 )
	=	3101.823	/	25050.096
	=	12.38 %

Aerospace Industrial Development's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1639.46	/	( ( (48119.84 - 25336.489)	+	(49739.286 - 26749.59) )	/ 2 )
	=	1639.46	/	( ( 22783.351	+	22989.696 )	/ 2 )
	=	1639.46	/	22886.5235
	=	7.16 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Aerospace Industrial Development (TPE:2634) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Aerospace Industrial Development ROCE % Related Terms

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Aerospace Industrial Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerospace Industrial Development Corp (TPE:2634) » Definitions » ROCE %

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N/A

Address

No.1, Hanxiang Road, Xitun District, Taichung, TWN, 407803

Website

https://www.aidc.com.tw

Aerospace Industrial Development Corp is involved in the manufacturing and development of aerospace and defense products. The company's main business categories are as follows: design, manufacture, assembly, testing and maintenance of aircraft, engines, avionics and related components; consulting services and technology transfers of aerospace technology, logistical support and engineering technology management of large-scale projects; engineering and development of software and sales of aerospace products.

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